Security & Fraud

Report: Revolut US Payments Flaw Leads to $20 Million Theft
Security & Fraud
Report: Revolut US Payments Flaw Leads to $20 Million Theft
July 09, 2023

A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

UK Finance: 61% of Push Payments Fraud Tied to Meta
Security & Fraud
UK Finance: 61% of Push Payments Fraud Tied to Meta
July 09, 2023

British lobbying group UK Finance has reportedly tied a bulk of the country’s digital payments fraud to Meta Platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Unit21 Raises $45 Million to Grow Fintech Fraud DAO Consortium
Security & Fraud
Unit21 Raises $45 Million to Grow Fintech Fraud DAO Consortium
June 29, 2023

Unit21 has raised $45 million in a Series C round to grow the Fintech Fraud DAO consortium. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

CFTC Forms Task Forces Focused on Technology and Environmental Fraud
Security & Fraud
CFTC Forms Task Forces Focused on Technology and Environmental Fraud
June 29, 2023

The Commodity Futures Trading Commission (CFTC) will be taking a closer look at cybersecurity, emerging technology and environmental fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Fake News Has Real Business Impact in Today’s Cyberthreat Landscape
Security & Fraud
Fake News Has Real Business Impact in Today’s Cyberthreat Landscape
June 29, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Synthetic Fraud Rises at ‘Alarming’ Rate as AI Evolves
Security & Fraud
Synthetic Fraud Rises at ‘Alarming’ Rate as AI Evolves
June 28, 2023

Can one stolen ID, augmented with artificial intelligence, yield $2 million in pilfered government benefits? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Experts Say 3DS 2.0 Will Gain Ground as Commerce Relies on ‘Connected’ Data
Security & Fraud
Experts Say 3DS 2.0 Will Gain Ground as Commerce Relies on ‘Connected’ Data
June 28, 2023

In a world where eCommerce is king, routing traffic is a critical move. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Sardine Launches Anti-Fraud Consortium of Financial Institutions and FinTechs
Security & Fraud
Sardine Launches Anti-Fraud Consortium of Financial Institutions and FinTechs
June 27, 2023

Fraud prevention firm Sardine has launched an industrywide, independent consortium to curtail payment fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

What the US Can Learn From the UK About Push Payments Fraud
Security & Fraud
What the US Can Learn From the UK About Push Payments Fraud
June 22, 2023

The U.K. banking industry is currently facing a new wave of regulations aimed at tackling push payment fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...